Financial Dollarization

The Policy Agenda

  • Adrián Armas
  • Alain Ize
  • Eduardo Levy Yeyati

Part of the Procyclicality of Financial Systems in Asia book series (IMF)

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Financial Dollarization: An Overview

    1. Adrián Armas, Alain Ize, Eduardo Levy Yeyati
      Pages 1-12
  3. Financial Dollarization: Roots and Dynamics

    1. Front Matter
      Pages 13-13
    2. Alain Ize, Eduardo Levy Yeyati
      Pages 38-63
    3. Robert Rennhack, Masahiro Nozaki
      Pages 64-96
  4. Monetary Policy

    1. Front Matter
      Pages 97-97
    2. Leonardo Leiderman, Rodolfo Maino, Eric Parrado
      Pages 99-114
    3. Adrián Armas, Francisco Grippa
      Pages 115-144
  5. Prudential Policy

    1. Front Matter
      Pages 145-145
    2. Jorge Cayazzo, Antonio Garcia Pascual, Eva Gutierrez, Socorro Heysen
      Pages 177-215
    3. Alain Ize, Miguel A. Kiguel, Eduardo Levy Yeyati
      Pages 216-240
  6. De-dollarization Policy

    1. Front Matter
      Pages 241-241
    2. Daniel C. Hardy, Ceyla Pazarbasioglu
      Pages 273-308
  7. Looking Ahead

    1. Front Matter
      Pages 309-309
    2. Adrián Armas, Alain Ize, Eduardo Levy Yeyati
      Pages 318-327
  8. Back Matter
    Pages 329-337

About this book


This volume provides a rigorous and balanced perspective on the causes and implications of dollarization, and the basic policies and options to deal with it: the adaptation of the monetary and prudential frameworks, the development of local-currency substitutes, and the scope for limiting dollarization through administrative restrictions.


Controlling development Inflation

Editors and affiliations

  • Adrián Armas
    • 1
  • Alain Ize
    • 2
  • Eduardo Levy Yeyati
    • 3
    • 4
  1. 1.Economic Studies DepartmentCentral Reserve Bank of PeruPeru
  2. 2.Monetary and Financial Systems DepartmentInternational Monetary FundUSA
  3. 3.Center for Financial Research at the Business SchoolTorcuato Di Tella UniversityArgentina
  4. 4.Research DepartmentInter-American Development BankUSA

Bibliographic information